HLAS

Making Tax Digital (MTD) for income tax will be mandated for a large group of self assessment taxpayers from 6 April 2026, with even more individuals being mandated in 2027 and 2028. The following MTD for income tax measures were announced at Budget 2025: Let’s start with some good news! The government has announced that late filing penalties will not be issued in respect of quarterly updates in 2026/27. This easement will not apply to the 2026/27 annual tax return, which must be filed by 31 January 2028. All quarterly updates must be submitted before the annual tax return can [...]

In its latest update, the Information Commissioner’s Office (ICO) has reported that over 95% of the UK’s top 1,000 websites now comply with the rules governing the use of cookies. What are Cookies? Cookies are small files stored on a user’s device when visiting a website. Some are essential for the proper functioning of the site, while others — particularly advertising cookies — track browsing activity to deliver personalised adverts, a marketing approach that many people find intrusive. These tracking cookies can only be used if the user has given explicit consent. One of the ICO’s key responsibilities is to [...]

For many people, using a password manager has become a common way to manage the numerous login details and passwords required for frequently visited websites. Are you currently using a password manager, or do you have concerns about their security? The National Cyber Security Centre (NCSC) offers guidance on how password managers and passkeys can simplify your digital life while maintaining strong online security. The guidance explains what a password manager is, why they are considered trustworthy, and highlights key points to be aware of when using one. Additionally, an increasing number of websites now provide passkeys as an alternative [...]

With the festive period now in full swing and many household budgets under strain, it may be reassuring to know that there are options available if paying your tax bill in one lump sum feels challenging. While the deadline for submitting your tax return and settling any tax due is not until 31 January 2026, taking action early can make the process much more manageable — particularly if you anticipate needing extra time to pay. HM Revenue & Customs (HMRC) offers a Time to Pay service that allows Self-Assessment taxpayers to arrange a monthly instalment plan once their tax return [...]

The Government has unveiled a £725 million package of reforms designed to expand apprenticeship and training opportunities for young people. While the primary focus of the announcement is on addressing youth unemployment, there are potential advantages for small and medium-sized businesses as well. Below is a summary of the key changes and how they could affect your workforce planning in the years ahead. Fully Funded Apprenticeships for Under-25s at SMEs One of the most notable changes is the removal of the 5% co-investment requirement for apprentices under the age of 25 at small and medium-sized employers. As a result, training [...]

A significant legal milestone was reached last week when the Property (Digital Assets etc) Act received Royal Assent. The legislation confirms that certain digital assets — including cryptocurrency tokens and non-fungible tokens (NFTs) — can now be formally recognised as personal property in England, Wales and Northern Ireland. In Scotland, the Digital Assets (Scotland) Bill, which aims to recognise digital assets as property, is currently moving through the parliamentary process. This development places the UK among the first jurisdictions globally to grant digital assets the same legal status as more traditional forms of property. For businesses and individuals that use [...]

The latest Budget contained a wide range of policy announcements, yet the Office for Budget Responsibility (OBR) suggests these measures will do little to shift the UK’s overall growth prospects over the next five years. When compared with the forecast produced in March 2025, the OBR has increased its growth expectation for the current year. However, this is followed by downward revisions in every subsequent year through to 2030. For anyone looking to the Budget for a clear indication of where the economy is heading, the outlook remains uncertain. No Further National Insurance Rise One of the more reassuring aspects [...]

If your business is located in England or Wales, you can now view the future rateable value of your property. The Valuation Office Agency (VOA) has completed updates to the rateable values of all commercial and non-domestic properties across England and Wales. These new values will come into effect on 1 April 2026. Revaluations are carried out every three years to reflect changes in the property market. Local councils then use these values to calculate business rates bills. It’s important to note that a rateable value is not the same as the amount you will pay, as your bill is [...]

Charity trustees in England and Wales now have new legal powers when considering moral payments: payments made because there is a moral rather than strictly legal obligation to transfer some of a charity’s property. This is the final provision in Charities Act 2022 to come into effect. Few charities encounter situations where a moral payment is relevant. Typically, these arise in cases involving legacies where there is evidence that a person’s will does not reflect their final wishes. Key Changes to Moral Payments The Charity Commission has updated its guidance to help trustees navigate these changes. The main changes, which [...]

The government has recently convened trade unions and business representatives to discuss the Employment Rights Bill. These discussions have resulted in agreements that will help the Bill progress to Royal Assent and enable the proposed changes to take effect as planned. Key Decisions Agreed Unfair dismissal qualifying period reduced: The qualifying period for unfair dismissal claims will be shortened from 24 months to six months. Existing day-one protections against discrimination and automatically unfair dismissals will remain in place. Day-one rights: From April 2026, employees are expected to gain day-one entitlements to sick pay and paternity leave. Fair Work Agency: The [...]